Quarterly annualized attrition rates stood at 21.3% at the end of the December quarter, and were as high as 23.4% at the end of its first quarter.
“Now you can't sweep it under the carpet. No one can afford to ignore you. But the battle is not even halfway there,” said Rohin Dharmakumar.
HCL Technologies plunged as much as 9.64 per cent in intraday trade on Monday after the net profit was below Street expectations.
Growth in the vertical has been slowing down and analysts and investors have questioned the company's strategy for growth in the business.
India’s fourth-largest IT services company HCL Technologies Limited's third-quarter revenue rose 11% from last year to Rs. 9267 crore.
Last week, bigger rival TCS posted its worst quarter in nearly five years, because of cross currency movements impacting its topline.
Telecom minister Ravi Shankar Prasad and politicians like Arvind Kejriwal and several Congress leaders have spoken in favour of net neutrality.
IAMAI open house demands less regulation for online, mobile value-added services players.
The paper has drawn widespread flak from Internet and free speech activists, who contend that it favours the interests of telecom companies.
Salaries of freshers have effectively gone down in the past 7 years if inflation is taken into account.
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